Aankondiging • 13h
Akanda Corp. Announces Receipt of Nasdaq Non-Compliance Letter Akanda Corp. announced that the Company is not in compliance with the periodic filing requirements for continued listing set in Nasdaq Listing Rule 5250(c)(1) as a result of its failure to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission by the required due date. The Company intends to file the Form 20-F as soon as practicable. The Company is required to submit a plan, by July 19, 2026, which outlines the steps the Company expects to take to regain compliance. If Nasdaq accepts the Company's plan, Nasdaq can grant an exception of up to 180 calendar days from the due date of the Form 20-F, or until November 16, 2026, to regain compliance. However, there can be no assurance that Nasdaq will accept the Company's plan to regain compliance or that the Company will be able to regain compliance within any extension period granted by Nasdaq. The Nasdaq Notice has no immediate effect on the listing or trading of the Company's common shares, though Nasdaq makes available to investors a list of non-compliant companies, which will include Akanda beginning on approximately May 28, 2026. As part of this process, an indicator reflecting the Company's non-compliance will be broadcast over Nasdaq's market data dissemination network and will also be made available to third party market data providers. If the Company fails to timely regain compliance, the Company's common shares will be subject to delisting from Nasdaq. Aankondiging • May 03
Akanda Corp. announced delayed 20-F filing On 05/01/2026, Akanda Corp. announced that they will be unable to file their next 20-F by the deadline required by the SEC. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Shareholders have been substantially diluted in the past year (over 15x increase in shares outstanding). Revenue is less than US$1m (US$837k revenue). Market cap is less than US$10m (US$1.89m market cap). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Aankondiging • Jan 24
Akanda Corp. announced that it has received $7 million in funding On January 23, 2026, Akanda Corp. closed the transaction. The transaction involved institutional investors for the purchase and sale of 12 month, convertible promissory notes for an aggregate purchase price of $7,000,000 in a private placement transaction. The company intends to pay the placement agent $70,000 in cash fees in relation to the offering at the closing. Aankondiging • Jan 20
Akanda Corp. announced that it expects to receive $7 million in funding Akanda Corp. entered into a securities purchase agreement with certain institutional investors for issuance of convertible promissory note for aggregate gross proceeds of $7,000,000 on January 20, 2026. The closing of the offering is expected to occur, subject to customary closing conditions, on January 21, 2026. The maturity date of each Note is the 12-month anniversary of the issuance date of such Note, and is the date upon which the principal amount, as well as any other fees, shall be due and payable. The Notes bear interest at a rate of 10% per annum. The Company is executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506(b) of Regulation D (“Regulation D”) as promulgated by the United States Securities and Exchange Commission (the “SEC”) under the Securities Act. New Risk • Dec 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m (US$837k revenue). Market cap is less than US$10m (US$529.1k market cap). New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 31% per year over the past 5 years. Shareholders have been substantially diluted in the past year (137% increase in shares outstanding). Revenue is less than US$1m (US$837k revenue). Market cap is less than US$10m (US$3.12m market cap). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Reported Earnings • May 02
Full year 2024 earnings released: US$3.14 loss per share (vs US$573 loss in FY 2023) Full year 2024 results: US$3.14 loss per share (improved from US$573 loss in FY 2023). Revenue: US$836.7k (down 61% from FY 2023). Net loss: US$3.27m (loss narrowed 90% from FY 2023). Aankondiging • Apr 17
Akanda Corp., Annual General Meeting, Apr 30, 2025 Akanda Corp., Annual General Meeting, Apr 30, 2025. Location: gowling wlg (canada) llp, suite 1600, 100 king street, west, toronto, on, m5x 1g5, meeting id: 810 7467 7663, Canada Aankondiging • Oct 03
Akanda Corp. has completed a Follow-on Equity Offering in the amount of $1.5 million. Akanda Corp. has completed a Follow-on Equity Offering in the amount of $1.5 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 258,940
Price\Range: $1
Discount Per Security: $0.025
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 1,241,060
Price\Range: $0.9999
Discount Per Security: $0.025 Aankondiging • Sep 05
Akanda Corp. has filed a Follow-on Equity Offering in the amount of $1.5 million. Akanda Corp. has filed a Follow-on Equity Offering in the amount of $1.5 million.
Security Name: Common Shares
Security Type: Common Stock
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant Board Change • Jul 30
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Interim CEO & Executive Director Katie Field is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • May 02
Akanda Corp. announced delayed 20-F filing On 04/30/2024, Akanda Corp. announced that they will be unable to file their next 20-F by the deadline required by the SEC. Aankondiging • Apr 27
Akanda Corp. Announces Board Changes Akanda Corp. announced the appointment of Christopher Cooper to its board of directors following the resignation of Harvinder Singh as a director. Mr. Christopher Cooper has over 20 years of extensive business experience in all facets of corporate development, senior management, finance and operations, in both the private and public sectors. His experience includes spearheading growth strategies, financial reporting, quarterly and annual budgets, overseeing corporate administration, while achieving company objectives and maintaining internal cost controls. Mr. Cooper has been a director of several private and public Company's over the last 20 years. Most recently he was a member of the board of directors of Alpha Lithium Corporation which was acquired by Tecpetrol in October 2023 for approximately CAD 313 million. Mr. Cooper was also a director of Counterpath Corporation, a Nasdaq listed company which was taken over by Alianza Inc. in March 2021 for USD 25.6 million. He received his Bachelor of Business Administration from Hofstra University and his Master's in Business Administration from Dowling College in New York. Aankondiging • Mar 23
Akanda Corp., Annual General Meeting, Mar 23, 2024 Akanda Corp., Annual General Meeting, Mar 23, 2024. Agenda: To consider a proposal to elect four directors to serve until the next meeting of shareholders at which the election of directors is considered, or until his or her successor is duly elected or appointed, unless he or she resigns, is removed or becomes disqualified in accordance with the articles of the Company or the Business Corporations Act. The nominees, Harvinder Singh, Jatinder Dhaliwal, David Jenkins and Katharyn Field, were elected to serve as directors; to consider a proposal to re-appoint GreenGrowth CPAs, as auditors of the Company for the 2024 fiscal year, and to authorize the audit committee of the Company to fix the auditors' remuneration and the terms of their engagement; and to consider other matters. Aankondiging • Mar 01
Akanda Corp. has filed a Follow-on Equity Offering in the amount of $0.149903 million. Akanda Corp. has filed a Follow-on Equity Offering in the amount of $0.149903 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 367,870
Price\Range: $0.20544
Discount Per Security: $0.00136
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 361,972
Price\Range: $0.20534
Discount Per Security: $0.00138
Transaction Features: Registered Direct Offering Aankondiging • Feb 21
Akanda Corp. has filed a Follow-on Equity Offering in the amount of $5 million. Akanda Corp. has filed a Follow-on Equity Offering in the amount of $5 million.
Security Name: Common Shares
Security Type: Common Stock
Security Name: Warrants
Security Type: Equity Warrant
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant New Risk • Feb 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 52% per year over the past 5 years. Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Market cap is less than US$10m (US$1.79m market cap). Minor Risk Revenue is less than US$5m (US$3.9m revenue). Aankondiging • Feb 03
Akanda Corp. has filed a Follow-on Equity Offering in the amount of $0.707854 million. Akanda Corp. has filed a Follow-on Equity Offering in the amount of $0.707854 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 280,851
Price\Range: $0.406
Discount Per Security: $0.00178
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 1,462,991
Price\Range: $0.4059
Discount Per Security: $0.000342 New Risk • Feb 03
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 92% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 52% per year over the past 5 years. Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Market cap is less than US$10m (US$2.33m market cap). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Revenue is less than US$5m (US$3.9m revenue). New Risk • Jan 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$4.1m free cash flow). Earnings have declined by 52% per year over the past 5 years. Market cap is less than US$10m (US$1.61m market cap). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (31% increase in shares outstanding). Revenue is less than US$5m (US$3.9m revenue). Aankondiging • Dec 12
Akanda Corp. Appoints Charn Deol as Chief Financial Officer Akanda Corp. reported that it has appointed a new Chief Financial Officer. Effective immediately Charn Deol will join the Company and come to Akanda with more than 35 years of financial markets. The Board replaced on December 4th 2023, the current CFO with Charn Deol, a multi-industry executive with over 35 years of public company management experience. Mr. Deol's recent experience includes being a director or in management of numerous Canadian private and public companies including CEO of Bayridge Resources Inc., a director of Amber Brands Inc., Green Battery Minerals Inc., and Neotech Metals Inc. He has been involved in initial IPOs being established which required taking private companies in Canada through the regulatory process of going public. New Risk • Nov 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (US$1.66m market cap). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Revenue is less than US$5m (US$2.6m revenue). Aankondiging • Jul 07
Akanda Corp. Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency Akanda Corp. ("Akanda" or the “Company”) announced that the Company has received a written notification (the “Notification Letter”) on July 3, 2023 from the Listing Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is not in compliance with the minimum bid price requirement set under Nasdaq Listing Rule 5550(a)(2). It resulted from the fact that the closing bid price of the Company's common shares, no par value ("Common Shares"), was below $1.00 per share for a period of 30 consecutive business days. The Notification Letter does not impact the Company’s listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until January 1, 2024, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company’s common shares must have a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by January 1, 2024 the Company may be eligible for additional time to regain compliance or may face delisting. The Company’s business operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closing bid price of its Common Shares and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse stock split of its Common Shares to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules. Reported Earnings • May 03
Full year 2022 earnings released: US$0.28 loss per share (vs US$5.01 loss in FY 2021) Full year 2022 results: US$0.28 loss per share. Net loss: US$8.24m (loss widened 1.3% from FY 2021). Aankondiging • Feb 17
Akanda Corp. Announces Board Changes On February 13th, 2023, the Board of Directors of Akanda Corp. also met to approve the appointment of David Jenkins as a Director of the company. Mr. Jenkins will be replacing Yuying Liang, who informed the company that she will be resigning as a Director, effective once Mr. Jenkins’ appointment to the Board of Directors has been finalized. Mr. Jenkins is a global financier with an extensive network of high net-worth investors. He has experience in public markets and has secured millions of dollars in capital for the mining industry. Mr. Jenkins currently serves as an independent director for Levitee Labs Inc. He holds a position as an independent director at Boundary Gold and Copper Mining LTD., as well as with Quantum Battery Metals Corp., and with Montego Resources. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. No highly experienced directors. CEO & Director Tej Virk is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • May 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. CEO & Director Tej Virk is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Feb 26
Akanda Corp. Appoints Board of Directors Akanda Corp. reported the appointment of Gila Jones, Gugu Dingaan and Bridget Baker to its Board of Directors as independent directors. Gila Jones is currently the Chief Operating Officer and corporate Secretary at Westbrook, an entertainment and media company founded by actors Will and Jada Pinkett Smith to develop, sell, produce and market premium content for global streamers, platforms and studios. Gugu Dingaan brings significant financial and accounting expertise, including over 17 years of experience serving as a non-executive director for various companies listed on the Johannesburg Stock Exchange as well as unlisted companies. She also has experience in serving on multinational companies headquartered outside of South Africa. In particular, Dingaan currently serves as an executive at Wipcapital (Proprietary) Limited a wholly owned subsidiary of Women Investment Portfolio Holdings ("WIPHOLD") since 2004. Bridget Baker is a valued strategic advisor, corporate board director, and executive strategist to media, entertainment, and technology companies. She has proven success and deep expertise in deal negotiation, subscriber growth, strategic partnerships, and diversity advocacy. Baker had a distinguished 23-year career at NBCUniversal where she was a co-founder of CNBC and the company's first president of TV Networks Distribution from 2006 - 2013.